There seemed to be something rather sinister about todays action. I have a strange feeling this is the start of something ugly. Although the market was up yesterday I was shocked how the government had to revise jobless numbers down over 800k. Shit seems to be hitting the fan.
Just one month or two ago, this would have been a welcome news for the market. Something you would be proud to write home about: "Hey mom, all these MOFOs are losing their jobs and the market is loving it. It supposed to be good for the economy and the inflation, they say. My 401K went up 10%!" How times have changed in such a short time. Now these fuckers are scared as pussies: "Mom, I just got fired today and my 401K nosedived 10%. But I'm sure Powell will come to my rescue any day now. So mom, if anything, BTFD!"
Pretty sure that is in the old testament. No fags, and no terrorists. I cannot recall the book/chapter, would have to look back into the Torah. Darn sure it is in there though.
Every big red candle after a good run always feels ominous and sinister to use your own words. Usually, it’s not the end of the world. Nice recovery so far overnight.